Been on market 4 months and no viewings!

FATBALLZ

You can try to find the right shade of mauve for the scatter cushions for the next 5 years, this place still won't sell because it costs too much. No viewings = overpriced. Viewers but no offers = something wrong with flat.

bowieben2

Well its been two weeks since we dropped the price. Still no viewings!

Were really tempted to drop the price again to £89,950, with 85k the absolute lowest we could accept and that would be reluctantly. We definitely can go no further than that.

Are we being a bit impatient, should we give it a bit longer before dropping it again??

Cissi

bowieben2 wrote: »

Well its been two weeks since we dropped the price. Still no viewings!

Were really tempted to drop the price again to £89,950, with 85k the absolute lowest we could accept and that would be reluctantly. We definitely can go no further than that.

Are we being a bit impatient, should we give it a bit longer before dropping it again??

No viewings in 2 weeks - sorry, but I think the price is definitely still too high. If it was a question of decoration etc then you'd at least get a few viewings.

This won't be what you want to hear, but I think you may have to face the possibility that you won't get any offers above your "absolute lowest" limit. Better start thinking about what you'll do then?

bowieben2

Yeah i know, its looking that way, itll be a case of staying put in that case! thanks for your input

motherofstudents

I really feel for you in the position you are in. Your flat looks nice, well presented etc but you are always going to struggle when there is a shortage of FTBs. The only options I can see are - 1. take it off the market and stay where you are for now with the possibility that things will improve, ie there will be more demand.
2. leave it as it is and try to forget about it - a buyer might come along...sometime ??.
3. Drop the price and get what you can for it but then try to get a big discount off your next purchase.
How much would you need to get off the house you have seen to make a bigger drop on your flat feasible ?
Sorry it's not much help but I hope things work out for you.

Jackinbox99

motherofstudents wrote: »

I really feel for you in the position you are in. Your flat looks nice, well presented etc but you are always going to struggle when there is a shortage of FTBs. The only options I can see are - 1. take it off the market and stay where you are for now with the possibility that things will improve, ie there will be more demand.
2. leave it as it is and try to forget about it - a buyer might come along...sometime ??.
3. Drop the price and get what you can for it but then try to get a big discount off your next purchase.
How much would you need to get off the house you have seen to make a bigger drop on your flat feasible ?
Sorry it's not much help but I hope things work out for you.

I agree, ive just had a look at the pictures, and really like the look of the place. Looks like it would make a perfect FTB house or rental. So, the only thing which must be putting people off is the price.

The problem now is that if its been on for a while, people who dismissed it previously, may well still dismiss it now.

Good luck with the sale!

bowieben2

motherofstudents wrote: »

I really feel for you in the position you are in. Your flat looks nice, well presented etc but you are always going to struggle when there is a shortage of FTBs. The only options I can see are - 1. take it off the market and stay where you are for now with the possibility that things will improve, ie there will be more demand.
2. leave it as it is and try to forget about it - a buyer might come along...sometime ??.
3. Drop the price and get what you can for it but then try to get a big discount off your next purchase.
How much would you need to get off the house you have seen to make a bigger drop on your flat feasible ?
Sorry it's not much help but I hope things work out for you.

Were thinking its probably just better for us to cut our losses with this one. Its gonna be a long time before the value gets anywhere near what we paid! We have seen somewhere we want to buy and Im confident we could get it at a good price, but as weve had no viewings and no interest we just dont feel in any position to follow it up. Just really wish we had a bit of interest, and even a cheeky offer that we could consider!

As it stands we can probably afford to sell at £85k but that would mean us taking out a loan to cover the shortfall. We have enough in savings that we could cover the loss if we sell at £93k but anymore than that we would need to find from elsewhere. Its not ideal, just very bad timing!

DPJames

Can you afford to sell at £79,950? If not i'm afraid you might be staying put, and maybe for a while too.
No interest = price too high.

bowieben2

Jackinbox99 wrote: »

I agree, ive just had a look at the pictures, and really like the look of the place. Looks like it would make a perfect FTB house or rental. So, the only thing which must be putting people off is the price.

The problem now is that if its been on for a while, people who dismissed it previously, may well still dismiss it now.

Good luck with the sale!

Yeah thats one of the things which worries us. Weve seen houses that have been on a while and it puts you off when you know theyre struggling to sell, almost makes you wonder whats wrong with them which isnt a good start!

Maybe it would be worth us taking it off the market for a bit?

We had another estate agent round on wednesday (the EA that is selling the property we want to buy). We just dont think our current EA is actually doing anything and feel this other one would have more incenctive to sell ours as they'd then effectively get two sales! He recommended putting it on at £89,950. But their fees are a lot more and we have to a charge to pay if we leave our current EA although its only £100. Not sure what to do now really. Do we take it off the market for a bit? Do we drop the price with the current EA? Or do we change estate agents and remarket with the at the new price?? :undecided

bowieben2

DPJames wrote: »

Can you afford to sell at £79,950? If not i'm afraid you might be staying put, and maybe for a while too.
No interest = price too high.

No we absolutely cant. Were already talking nearly a £30k drop since we bought it.